After another transfer window where Premier League clubs outspent their European rivals, fresh data has revealed the huge spending by football clubs on transfers over the past five seasons.
Unsurprisingly, it’s the Premier League that lead the way with nine of the top ten all being from the division.
But where do Newcastle United rank? And how does their spending over the past five seasons, taking into account pre and post-takeover transfer windows, compare with the biggest clubs in the continent?
Here, using data from CIES Football Observatory, we take a look at the 25 clubs with the highest net spend since 2018/19 and rank them to find out the biggest spenders in that time.
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(note: all figures have been converted from € to £)
21. Aston Villa
According to CIES Football Observatory, Aston Villa have a net transfer spend of -£329m since 2018/19. Photo: Catherine Ivill
22. Newcastle United
According to CIES Football Observatory, Newcastle United have a net transfer spend of -£375m since 2018/19. Photo: George Wood
23. West Ham
According to CIES Football Observatory, West Ham have a net transfer spend of -£386m since 2018/19. Photo: George Wood
24. Tottenham Hotspur
According to CIES Football Observatory, Tottenham Hotspur have a net transfer spend of -£424m since 2018/19. Photo: Clive Rose